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REGISTERED NUMBER: 11026610 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Eternal Homes Limited

Eternal Homes Limited (Registered number: 11026610)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Eternal Homes Limited (Registered number: 11026610)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,134,757 671,985

CURRENT ASSETS
Debtors 5 678,144 667,742
Cash at bank 71,748 -
749,892 667,742
CREDITORS
Amounts falling due within one year 6 476,501 317,462
NET CURRENT ASSETS 273,391 350,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,408,148

1,022,265

CREDITORS
Amounts falling due after more than one
year

7

(838,483

)

(682,891

)

PROVISIONS FOR LIABILITIES (51,850 ) (49,779 )
NET ASSETS 517,815 289,595

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 517,715 289,495
517,815 289,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Eternal Homes Limited (Registered number: 11026610)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





L Grayshon - Director


Eternal Homes Limited (Registered number: 11026610)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Eternal Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11026610

Registered office: Eternal Lawns House
Bruntcliffe Road
Morley
West Yorkshire
LS27 0LQ

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Eternal Homes Limited (Registered number: 11026610)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022 610,353 104,780 715,133
Additions 781,034 - 781,034
Disposals (169,200 ) - (169,200 )
At 31 October 2023 1,222,187 104,780 1,326,967
DEPRECIATION
At 1 November 2022 31,394 11,754 43,148
Charge for year 143,247 23,256 166,503
Eliminated on disposal (17,441 ) - (17,441 )
At 31 October 2023 157,200 35,010 192,210
NET BOOK VALUE
At 31 October 2023 1,064,987 69,770 1,134,757
At 31 October 2022 578,959 93,026 671,985

Eternal Homes Limited (Registered number: 11026610)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022 530,983 104,780 635,763
Additions 781,034 - 781,034
Disposals (121,750 ) - (121,750 )
At 31 October 2023 1,190,267 104,780 1,295,047
DEPRECIATION
At 1 November 2022 18,173 11,754 29,927
Charge for year 139,375 23,256 162,631
Eliminated on disposal (10,324 ) - (10,324 )
At 31 October 2023 147,224 35,010 182,234
NET BOOK VALUE
At 31 October 2023 1,043,043 69,770 1,112,813
At 31 October 2022 512,810 93,026 605,836

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 604,005 657,000
Other debtors 74,139 10,742
678,144 667,742

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts - 6,143
Hire purchase contracts 287,108 145,617
Trade creditors 140,645 -
Taxation and social security 5,993 10,828
Other creditors 42,755 154,874
476,501 317,462

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 601,816 436,224
Other creditors 236,667 246,667
838,483 682,891

Eternal Homes Limited (Registered number: 11026610)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Hire purchase contracts 888,924 -

Hire purchase liabilities are secured against the assets to which they relate.